Lou Jiwei

Lou Jiwei Net Worth

Lou Jiwei, born on December 24, 1950 in China, is the Chairman of the China Investment Corporation, one of the world's largest sovereign wealth funds. He has vowed to invest more of the fund's $482 billion in neighboring Asian nations in order to support regional growth. He has also stated that he will stay away from European bonds due to the high risk and low return.

Age, Biography and Wiki

Who is it? Chairman, China Investment Corporation, ChinaChairman, China Investment Corporation, China
Birth Day December 24, 1950
Birth Place China
Age 73 YEARS OLD
Birth Sign Capricorn
Premier Li Keqiang
Preceded by Xie Xuren
Succeeded by Xiao Jie
Political party Communist Party
Alma mater Tsinghua University Chinese Academy of Social Sciences

💰 Net worth

Lou Jiwei, known as Chairman of the China Investment Corporation (CIC) in China, is estimated to have a net worth ranging from $100,000 to $1 million in 2024. CIC is China's sovereign wealth fund responsible for managing the country's foreign exchange reserves and making strategic investments both domestically and internationally. As the Chairman, Lou Jiwei plays a significant role in overseeing the fund's operations and investment decisions, contributing to China's economic growth and financial stability.

Biography/Timeline

1950

Lou is a native of Yiwu, Zhejiang province. He was born in 1950, joined the Communist Party of China in 1973, studied in the computer sciences faculty of Tsinghua University in 1978, and did postgraduate work with the econometrics faculty of the Postgraduate School of the Chinese Academy of Social Sciences in 1982.

1980

After post graduate studies Lou worked as the deputy head of the financial and banking office group of the general office of the State Council. During the mid-1980s Lou went to work as the Director of the Institute of Finance and Trade of the Chinese Academy of Social Sciences. In 1995 Lou became the vice-governor of Guizhou Province and shortly thereafter became the vice-minister of Finance. In 1999 he became a member of the academic affairs committee of the State Council.

2007

In 2007, he served briefly as deputy secretary general of the State Council and became an alternate member of the 17th CPC Central Committee.

2008

In 2008, Time magazine considered Lou one of the 100 most influential people in the world. Forbes Magazine considered him to be the 30th most powerful person in the world, according to their "Powerful People 2010" List. In 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine. Jiwei was listed as twelfth on aiCIO's 2012 list of the 100 most influential institutional Investors worldwide.

2016

At the first plenary session of the 12th National People's Congress in March 2013, Lou Jiwei was elected as Minister for Finance, succeeding Xie Xuren. On 7 November 2016, Lou was replaced by Xiao Jie after confirmation in the National People's Congress Standing Committee.

Some Lou Jiwei images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.